WePay partners Fundable.com to power payments

WePay is partnering with crowdsourcing platform, Fundable.com, to power the company’s payments (view press release). The WePay Marketplace API enables companies such as Fundable.com to allow their users to start accepting payments immediately, without requiring a pre-existing merchant account.

“As crowdfunding evolves into a legitimate source of funding for small businesses, the technologies used to facilitate transactions must keep the pace,” said Bill Clerico, WePay CEO. “WePay’s payment API is designed to provide the ease-of-use, compliance, and flexibility to support the rapidly growing demand for crowdsourced payments.”

Crowdfunding platforms raised USD1.5 billion last year and funded around 1 million campaigns. The recently passed JOBS act (also known as the Crowdfunding Bill), which allows startups to publicly raise money from non-traditional investors, has initiated explosive growth in the space.

PaymentEye_BTF_MPU_300x250

Most Popular

Michael Cocoman, International Regulatory Lead at Stripe, considers the impact of PSD2 on marketplace platforms in Europe and Stripe’s solution to shoulder the regulatory burden so platforms can focus on running their online businesses.